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SIGA Technologies Inc. Message Board

  • greg_m_thornton greg_m_thornton Dec 13, 2009 9:57 PM Flag

    When will the lawsuits start? Pumped and dumped.

    Looks like shareholders got left holding the bag on this one. How soon until the lawsuit comes for all those who have lost a fortune the last couple of days? Sadly the lawsuit if it comes will drive SIGA's stockprice even lower.

    Plus the stock offering at just over $7 a share is in jeopardy. Unlikely that will happen now. My guess is it will have to be repriced at something less then $5 s share.

    SIGA is in a death spiral for now. I recommend you wait to buy until it hits bottom. Wait for at least three days without a major lass to be more certain it has stop falling or risk losing a fortune. Be patient wait until it really its bottom before you buy and lose more money.

    If you already hold shares pray for a bounce on Monday after the company hypes the shares and tries to pump up the price and again and sell if the stock can hold above $5 a share. If it drops below $5 a share on Monday again you might consider holding if you can stomach this risk. But, at anything above $5 a share just get out and count yourself lucky to at least get part of your investment back.

 
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